Well I hate to blow holes in your theory (the part I made bold in your above quote), but I'd like to cite a very recent example as a demonstration of what can happen (I'm certainly not promoting the other company). There are a lot of pissed off holders including myself...
ZYBER Holdings, or "ZYB" recently did a float on the ASX @ 4.5 cents with great confidence. From days one the shares plunged in only a few weeks to a low 2.2 cents today.
I am not saying it will happen, but what is stopping the same thing happening to Weebit?
Proposed Acquisition Timetable Update?, page-14
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Last
$2.38 |
Change
0.160(7.21%) |
Mkt cap ! $451.9M | |||
| Open | High | Low | Value | Volume |
| $2.25 | $2.38 | $2.19 | $1.896M | 828.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1096 | $2.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.38 | 105071 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| WBT (ASX) Chart |